Crude Oil (CL_F) started rallying from 03/22 low in a bullish structure which still needs another leg higher to become 5 impulsive waves. The instrument ended the minute wave (( iv )) at the 23.6% Fibonacci retracement area 49.96 from which it managed to bounce higher to resume the move to the upside looking to reach the […]

Short term Elliott Wave view in EURJPY suggests that cycle from 3/12 peak (122.89) is unfolding as a double three Elliott wave structure where Minor wave W ended at 119.28 and Minor wave X ended at 120.45. Minor wave Y is in progress and the internal is unfolding also as a double three Elliott wave […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the another nice trading opporunity we have had lately. The instrument we traded is $CHFJPY.  In further text we’re going to explain price structure and reasons why we forecasted the decline. Let’s start explanation by taking a look at past Elliott […]

As many traders know, one of the most important aspects of the Trading profession is understanding the trend and how to develop a trend trading system. Many traders wants to trade every single line or move in the Market and that is the major reason why 95%-97% of the traders end up losing within the […]